Former BT Select practice, BCB Financial Planning has joined non- institutionally-owned dealer group GPS Wealth in a move expected to see the rapidly growing Sydney-based practice strike further referral agreements with accounting firms who specifically want to partner with a non-aligned practice.
In May, BCB Financial Planning, affiliated with BCB Accountants and Business Advisors, also entered a formal referral arrangement with accounting and tax specialists J & C Accountants.
According to BCB director Adam Chalk, the group’s decision to switch to GPS Wealth was driven by a desire to partner with a like-minded licensee for the long term and work with a licensee that had the resources, experience and desire to help practices grow.
“GPS has a unique offer. The group’s client-centric advice philosophy is completely aligned to our way of thinking and it’s backed by a suite of effective client engagement, practice management and advice tools, and a team that’s fully committed to doing whatever it takes to help advisers build and run successful businesses,” he said.
“BCB Financial Planning has an extremely compelling proposition for accountants who want to offer professional strategic advice to their clients but importantly, we now have the tools to clearly articulate and demonstrate the value we can deliver. We believe our licensing partnership with GPS Wealth contributed significantly to our new referral relationship with J & C Accountants.”
GPS director Greg Holman said: “BCB Financial Planning is already a very successful financial planning practice and we’re excited to partner with Adam and the team to take the business to the next level”.
“We believe that our awarding-winning client engagement tools, coaching, systems and support will help BCB Financial Planning grow further,” he said.
Mr Chalk, who holds a degree in economics & finance and a Masters in Commerce, joined BCB Accountants and Business Advisors in 2012.
He worked closely with director Rod Burke to launch the group’s financial planning business, which offers strategic advice to the accounting firm’s 2,000 active clients.
“Accounting and financial planning are highly complementary, and BCB’s accounting partners recognised it was important to take a holistic view of a client’s life and situation, not just their tax,” Chalk said.
“GPS Wealth understands the enormous opportunity that accountants have to expand their value proposition and boost client engagement by offering financial services.”
